Press Releases

Bang & Olufsen A/S – share buyback programme

September 10, 2018 at 9:00 AM CEST
Supporting Materials:

Bang & Olufsen A/S – share buyback programme

On 3 September 2018, Bang & Olufsen initiated a share buyback programme in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules.
                                                                      
Under the share buyback programme, which runs from 3 September 2018 and will end no later than 31 December 2019, Bang & Olufsen intends to buy back shares for an amount of up to DKK 485 million.

The following transactions have been made under the program in the period 3 September 2018 - 7 September 2018: 

  No. of shares Average purchase price (DKK) Transaction value (DKK)
3 September 2018   15,000 156.56 2,348,400
4 September 2018 15,000 154.70 2,320,500
5 September 2018 16,000 153.65 2,458,400
6 September 2018 16,000 155.90 2,494,400
7 September 2018 17,000 153.87 2,615,790
Accumulated under the programme 79,000 154.90 12,237,490

Following the above transactions, Bang & Olufsen holds a total of 188,990 own shares corresponding to 0.4 % of the total share capital and the total voting rights in the company.

Please see the attached file for detailed information about individual trades under the program in the period 3-7 September 2018.

For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.

 

Attachment

Investor contact

Martin Raasch Egenhardt
Head of Investor Relations
+45-53707439
mare@bang-olufsen.dk
 
Major Shareholder Announcements should be sent directly to
major-shareholder@bang-olufsen.dk
 

Press contact

Jens Gamborg
Head of Group Communications
+45 2496 9371
Press@bang-olufsen.dk